Canada Unveils Ambitious Climate Competitiveness Strategy in Toronto

On November 9, Canada officially launched its landmark Climate Competitiveness Strategy, unveiled by Environment and Climate Change Minister Julie Dabrusin and Energy and Natural Resources Minister Tim Hodgson at Toronto’s Pearl Street Energy Centre. This comprehensive strategy, outlined in Budget 2025, sets out a transformative plan to invest over $1 trillion in clean energy over the next five years, positioning Canada as a worldwide leader in the low-carbon economy.

Central to the strategy are expanded Clean Economy Investment Tax Credits, a rigorous carbon pricing framework, and strict greenhouse gas regulations. These initiatives aim to accelerate the energy transition, expand renewables, modernize grids, and foster critical mineral supply chains essential for clean technology.

Key projects include nuclear energy expansion, offshore wind developments, copper mine upgrades, and the Alto High-Speed Railway connecting Toronto to Quebec City. In addition, new funds will support critical minerals, create thousands of jobs, and promote affordable factory-built housing designed to reduce emissions.

“Our plan will empower Canadian industries and communities, drive innovative clean technologies, and ensure a strong, resilient economy for generations to come,” Minister Dabrusin stated.

With climate change costs reaching $9.2 billion in insured losses last year and extreme weather threatening GDP growth, Canada’s proactive strategy aims to safeguard both its environment and its economic future. Transparent progress updates and new economic metrics will ensure ongoing improvement toward net-zero goals.